Middle East Tensions Send Brent Crude Prices Surging

Brent crude futures soared to $104.61 per barrel on September 12, 2026, as escalating US-Iran conflict and maritime security threats in the Middle East fueled supply concerns.

The rise in energy costs poses significant risks to India's national import bill and domestic corporate margins, particularly for key sectors such as aviation, oil marketing, and manufacturing.

Data indicates that the Indian crude oil basket reached $108.91 per barrel as of September 9, 2026, impacting the national trade balance and creating pressure on domestic fuel pricing strategies.

Companies in sectors like aviation, paints, tyres, and oil marketing are particularly sensitive to shifts in global oil prices, with increased costs for Aviation Turbine Fuel and crude-based derivatives affecting profit margins and inventory valuation.